Creative Planning reduced its stake in shares of Lineage Cell Therapeutics, Inc. (NYSEAMERICAN:LCTX) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 189,367 shares of the company’s stock after selling 15,815 shares during the period. Creative Planning’s holdings in Lineage Cell Therapeutics were worth $169,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of LCTX. Defender Capital LLC. bought a new stake in Lineage Cell Therapeutics in the third quarter worth $3,709,000. State Street Corp bought a new stake in Lineage Cell Therapeutics in the third quarter worth $1,738,000. Rhumbline Advisers bought a new stake in Lineage Cell Therapeutics in the third quarter worth $177,000. California State Teachers Retirement System bought a new stake in Lineage Cell Therapeutics in the third quarter worth $163,000. Finally, Commonwealth Equity Services LLC bought a new stake in Lineage Cell Therapeutics in the third quarter worth $112,000.
LCTX stock opened at $1.51 on Friday. Lineage Cell Therapeutics, Inc. has a 52-week low of $0.53 and a 52-week high of $1.73. The company’s 50-day moving average price is $0.98.
Lineage Cell Therapeutics (NYSEAMERICAN:LCTX) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.01. The firm had revenue of $0.57 million for the quarter, compared to the consensus estimate of $0.94 million.
A number of equities research analysts recently issued reports on the stock. HC Wainwright reiterated a “buy” rating and issued a $4.00 price objective on shares of Lineage Cell Therapeutics in a report on Monday, February 10th. Zacks Investment Research cut shares of Lineage Cell Therapeutics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $2.67.
Lineage Cell Therapeutics Profile
Lineage Cell Therapeutics, Inc, a clinical-stage biotechnology company, focuses on developing and commercializing therapies for the treatment of degenerative diseases in the United States and internationally. The company's lead product candidates include OpRegen, a retinal pigment epithelium cell replacement therapy, which is in Phase I/IIa multicenter trial for the treatment of the dry age-related macular degeneration; OPC1, an oligodendrocyte progenitor cell therapy that is in Phase I/IIa multicenter clinical trial for the treatment of acute spinal cord injuries; and VAC2, an allogeneic cancer immunotherapy of antigen-presenting dendritic cells, which is in Phase I clinical trial to treat non-small cell lung cancer.
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